
Building South Africa’s digital financial rails
The emergence of tokenised assets raises the question whether SA can develop trusted local infrastructure rather than rely on systems built elsewhere.

The emergence of tokenised assets raises the question whether SA can develop trusted local infrastructure rather than rely on systems built elsewhere.

The former finance minister says South Africa’s challenge is not a shortage of regulation, but ensuring institutions have the people, skills, and capacity to implement it effectively.

While research into a retail CBDC continues, the SARB believes modernising the payment infrastructure will deliver greater near-term benefits.

Rapid growth in South Africa’s fintech sector is giving way to a tougher phase shaped by regulation, competition, and the race for customer trust.

South Africa has a two-year window to leverage FATF delisting and integrate with PAPSS, unlocking faster, cheaper cross-border payments – or risk missing the opportunity.